5,165 Shares in Warrior Met Coal $HCC Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) during the 1st quarter, Holdings Channel.com reports. The fund purchased 5,165 shares of the company’s stock, valued at approximately $481,000.

Several other institutional investors have also recently added to or reduced their stakes in HCC. State Street Corp raised its stake in Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Warrior Met Coal by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after purchasing an additional 5,077 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in shares of Warrior Met Coal by 12.0% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock valued at $144,355,000 after purchasing an additional 175,500 shares during the period. Finally, UBS Group AG increased its holdings in shares of Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after purchasing an additional 1,067,247 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $106.68 on Friday. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $86.37 and its two-hundred day moving average is $88.40. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $110.39. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 25.64 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The company’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Research analysts expect that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is currently 7.69%.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen D. Williams sold 4,800 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director owned 30,303 shares in the company, valued at $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 74,800 shares of company stock worth $7,950,304. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HCC shares. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average target price of $102.60.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.